ES Journal Archive (2006 - 2008)

romik · May 17, 2006

One thing I have been seeing on the move down that there has been much larger buying orders on the DOM, I am not sure I understand it correctly though, but I don't see this sell off continuing today, mostly covering IMO.

Buy1Sell2 · May 17, 2006

Quote from sosa1974:

I had to quote your first post as a reminder that correct positioning builds the castle.

Thank you. As you can see , the original plan was to hold some positions overnight and during the journey, I have moved the time frames all around, but am roughly back to where I was when I started, which is holding for longer gains on the longer frames and not the 3 and 5 etc. Thanks for reposting this!

Buy1Sell2 · May 17, 2006

Quote from Buy1Sell2:

Ok , there's the class A Bullish Histogram divergence on the 5 minute charts. Let's see if it has any legs to it. My belief as you know is that divergences are generally weaker, although still valid, the smaller the time frame

Did anyone trade this? It looks like Sosa may have, but not certain if the divergence was the impetus.

romik · May 17, 2006

Quote from Buy1Sell2:

Did anyone trade this? It looks like Sosa may have, but not certain if the divergence was the impetus.

I traded that signal which coincided with white hammer on 5 min chart, long 1276

EDIT: 1281.50 is first resistance here, next would be 1287 range

BoyBrutus · May 17, 2006

Quote from sosa1974:

My first long on the Es ever. entry 1277, cover 1279.50. I did not like that at all. I will go back to my short reads for my futures trading.

Thats funny dude. You must pick all the wrong girls.

This rebound is looking weak I'm wondering is 2% possible for the S&P this afternoon?

sosa1974 · May 17, 2006

Quote from BoyBrutus:

Thats funny dude. You must pick all the wrong girls.

This rebound is looking weak I'm wondering is 2% possible for the S&P this afternoon?

Ha Ha, so true. I just got off the phone with my Girl (no joke). Going to take a vacation at the end of this month. I'm tired.
B1, I did enter long but its not my cup of tea. I wont being doing that again even though we were quite oversold.:eek:

romik · May 17, 2006

that 81.50 is really holding there

sosa1974 · May 17, 2006

Cover 1277, entry 1281. Thats more like it

May attempt one more trade. Unlikely since I have no reads to go by. I would hate for my last scalp to wreck me.

Buy1Sell2 · May 17, 2006

Quote from JohnBob:

Agreed. And I think the market often gives you an inkling of what that news will be.

Edit: Oops!! I see B1 beat me to it.

-JB

Sorry, didn't mean to jump in so quickly--fast typing fingers ya know

Buy1Sell2 · May 17, 2006

Quote from optioncoach:

To those who are using Slow stochastics, I read an article recently aboutusing multiple time frames on slow Stoch on the same chart for stronger signals. It uses 10, 15, 20, and 25 time period Slow Stoch on the same chart.

When all 4 Stochs are below the oversold line and start turning up, you get a nice long entry. Of course this is not to be used as a sole indicator but in conjunction with your other signals, could provide some good high prob entries/exits.

where have you been hiding coach?